Wen signals china has ample policy room to meet growth goal

Bloomberg

Chinese Premier Wen Jiabao said the nation has full confidence it will meet its economic goals for the year and signaled there’s more room for fiscal and monetary policy to support growth. “Be it monetary or fiscal, we still have ample strength,” Wen said today at the World Economic Forum in the Chinese city of Tianjin. The government has 100 billion yuan ($16 billion) in a fiscal stabilization fund and “we will appropriately use that for preemptive policy and fine-tuning to propel stable economic growth,” he said.

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